I could not resist to summarize the HBR Article on “How Walmart Canada Uses Blockchain to Solve Supply-Chain Challenges”
Walmart Canada applied blockchain to solve a common logistics nightmare: payment disputes with its 70 third-party freight carriers. To solve the problem it built a blockchain network. The system has not only virtually eliminated the payments problem; it also has led to significant operational efficiencies.
The five lessons on how to create a blockchain network for improving business processes are:
1. Involve key stakeholders.
2. Weigh the pros and cons of using a private vs. a public blockchain.
3. Agree on the business rules and calculations.
4. Build in checks and balances.
5. Don’t try to replace legacy IT systems.
Surtil : 